1231 W Walnut St - Apartments FOR SALE


Kokomo, IN 46901
$1,425,000 USD
317-218-5355
1231 W Walnut St, Kokomo, IN for Sale
$1,425,000 USD
Apartments - FOR SALE
1/1
null | 8.19% Cap Rate

1231 W Walnut St
Kokomo, IN 46901


HIGHLIGHTS

  • Offered at a Low Basis of $57K/unit
  • $82/Mo Average Rental Upside
  • Nearly $300K in Capital Improvements (Brand New Roof & Parking Lot)
  • 8% In-Place CAP, 10% Pro Forma CAP Rate
  • Kokomo 7.8% Rent Growth in Q2 of 2024

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$52 USD /SF

# OF UNITS

25

PRICE/UNIT

$57,000

CAP RATE

8.19%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

34-03-36-151-024.000-002

ASK ABOUT THIS PROPERTY

Anthony RogersMarcus & MillichapMore Info
317-218-5355

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Anthony RogersMarcus & MillichapMore Info
317-218-5355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.